Committee Sub. for HB NO. 1569

By Representative(s) Williams

Amend by striking Lines 22 through 34 in their entirety and inserting in lieu thereof the following:

"(3) For the calendar year 1999, sixty percent (60%) of amounts paid in such year by a self-employed individual for insurance which constitute medical care for the taxpayer, his spouse and dependents, are deductible as an adjustment to gross income. For the calendar year 2000, and each calendar year thereafter, one hundred percent (100%) of such payments made in a calendar year shall be deductible as an adjustment to gross income."